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The president of a small manufacturing firm is concerned about the continual increase in manufacturing costs over the past several years. The following figures provide

The president of a small manufacturing firm is concerned about the continual increase in manufacturing costs over the past several years. The following figures provide a time series of the cost per unit for the firm's leading product over the past eight years.
Year Cost/Unit ($) Year Cost/Unit ($)
120.10526.70
224.40629.90
328.30731.10
427.40836.10

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